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Diamonds (Accounts)

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This query is : Open


( Author )
22 May 2012

 I Purchsese a rough diamond of rs.1000 (100 carats)

and that rough diamond given for polished on labour and same reced after some days 50 carats rs.1500(market price)
labour paid for polished rs . 400

so accounting entry will be..?

and i have closing stock same of polished diamond 50 carats of rs.1500.

no sale no openind stock



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